Rice prices rise due to temporary hoarding: Commerce advisor

Addressing the issue, Sheikh Bashiruddin acknowledged the problem of rising prices of rice, especially for popular varieties like Nazirshail and Miniket. He said that the retail prices of these varieties have increased much more than the wholesale prices. Efforts are currently underway to investigate the reasons behind this discrepancy. Overall, the price increase seems unreasonable. […]

Rice prices rising despite surplus: Bangladesh faces rising demand and rising costs

The gap between production and consumption of rice still persists. According to the Agriculture Ministry, production is quite good, at least 50 lakh tonnes more than the demand. Therefore there is no need to import rice. However, despite surplus production, rice prices are rising. Meanwhile, the United States Department of Agriculture (USDA) said rice production […]

India hikes duty on rice exports by 20%, onion exports halted: Impact on inflation and elections

However, the Indian government said that despite the overall ban on onion exports, kitchen items will be exported to six countries in limited quantities at the G2G (government to government) level. Although it is being said in media reports that the government has taken this decision due to the recommendations of the Foreign Ministry of […]

Bangladesh to import 4.5 million tonnes of rice and wheat from India: Government’s quota system initiative

It is noteworthy that quota has already been sought from India for the import of six essential commodities including rice and wheat in December 2022. However, recent emphasis on this matter suggests a renewed focus. Sources reveal that after the January 7 elections, discussions were held at the highest level of both the countries. Briefing […]

Sudden rise in rice prices

He underlined the need for government intervention for comprehensive monitoring of the market at all levels of the supply chain. However, Food Minister Sadhan Chandra Majumdar assured that there has been good production of paddy and food stocks in the country are adequate. After assuming the ministerial post for the second term, he held a […]